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And oil prices have fallen

Comments

  • #2
    -Corkie-
    Closed Accounts Posts: 10,025 ✭✭✭✭-Corkie-


    jozi wrote: »
    Will it continue to drop and will we notice it at the pumps?

    I hope so..


  • #3
    Mc Love
    Registered Users, Registered Users 2 Posts: 14,015 ✭✭✭✭Mc Love


    We will only notice once it goes back up and then the petrol stations will mark it up straight away - hate how they do this


  • #4
    skyhighflyer
    Closed Accounts Posts: 1,149 ✭✭✭skyhighflyer


    market irrationality...why would this have a lasting effect on oil prices :confused:

    I'm all for a decrease in oil prices but I don't see how this should affect the price long-term


  • #5
    Cookie_Monster
    Registered Users, Registered Users 2 Posts: 24,537 ✭✭✭✭Cookie_Monster


    jozi wrote: »
    Will it continue to drop and will we notice it at the pumps?

    I wouldn't hold you breath on that one. petrol was 1.57 yesterday locally :eek:
    up 4c in the last week alone


  • #6
    neris
    Registered Users, Registered Users 2 Posts: 20,084 ✭✭✭✭neris


    It hasnt dropped that much. Looking at the price of US crude its only down a dollar or two.


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  • #7
    coylemj
    Registered Users, Registered Users 2 Posts: 25,624 ✭✭✭✭coylemj


    With nuclear energy out of favour because of the Japanese earthquake, there's only one direction for the price of oil and gas and it's upwards.

    Angela Merkel in Germany had almost convinced the German people that over-reliance on Russian gas and Arab oil was not a good idea and that they should increase the amount of energy coming from nuclear but the Japanese earthquake has reversed that trend. Oil and gas consumption will now increase at an even greater rate so the price can only go up.


  • #8
    greendom
    Registered Users, Registered Users 2 Posts: 16,382 ✭✭✭✭greendom


    Even Bin Laden's death will have a destabilising effect on World politics and so I imagine that oil prices will increase as a result.


  • #9
    GTE
    Registered Users, Registered Users 2 Posts: 3,915 ✭✭✭GTE


    Very surprised to see the M1 motorway diesel go down a few cents in the last week so maybe some operators will do things quickly.

    I am amazed at how good value the M1 stations have been compared to local stations. At one point there was a good 6 or 7 cent difference on diesel.


  • #10
    Voodoomelon
    Registered Users, Registered Users 2 Posts: 9,661 ✭✭✭Voodoomelon


    We'll only see price reductions from lower government taxes, fluctuations in exchange rates and refinery prices, not from a slight drop in the price of oil.


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